Colony Bankcorp Correlations

CBAN Stock

USD 17.57 0.38 2.21%

The current 90-days correlation between Colony Bankcorp and First Financial Northwest is 0.57 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Colony Bankcorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Colony Bankcorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Colony Bankcorp Correlation With Market

Poor diversification

The correlation between Colony Bankcorp and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Colony Bankcorp and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Colony Bankcorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

To learn how to invest in Colony Stock, please use our How to Invest in Colony Bankcorp guide.

Moving together with Colony Stock

0.91	AX	Axos Financial	Pair Corr
0.91	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.95	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.93	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.75	VABK	Virginia National	Pair Corr
0.84	VBNK	VersaBank Fiscal Year End 11th of December 2024	Pair Corr
0.9	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.72	TECTP	Tectonic Financial	Pair Corr
0.71	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.97	EBTC	Enterprise Bancorp	Pair Corr
0.94	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.85	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.62	KEY-PJ	KeyCorp	Pair Corr
0.62	KEY-PK	KeyCorp	Pair Corr
0.89	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.61	WAFD	Washington Federal	Pair Corr
0.88	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.72	BANC-PF	Banc of California	Pair Corr
0.92	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.82	ESSA	ESSA Bancorp	Pair Corr
0.87	EVBN	Evans Bancorp	Pair Corr
0.81	EWBC	East West Bancorp Fiscal Year End 28th of January 2025	Pair Corr
0.7	WSBCP	WesBanco	Pair Corr
0.79	WMPN	William Penn Bancorp	Pair Corr

Moving against Colony Stock

0.44	WF	Woori Financial Group	Pair Corr
0.33	TFC-PO	Truist Financial	Pair Corr
0.32	CFG-PE	Citizens Financial	Pair Corr
0.31	TFC-PR	Truist Financial	Pair Corr
0.42	FRCIL	First Republic Bank	Pair Corr
0.37	FRCHL	First Republic Bank	Pair Corr
0.36	FRCCL	First Republic Bank	Pair Corr
0.36	FRCKL	First Republic Bank	Pair Corr

Related Correlations Analysis

	HMNF	HFBL	FFNW	FNWB	FCAP	OFED	CIZN	HVBC	CWBC	CULL
HMNF		-0.12	-0.03	0.12	0.0	-0.34	-0.62	0.4	0.23	-0.5	HMNF
HFBL	-0.12		-0.06	0.02	0.12	-0.16	-0.07	0.03	-0.04	0.11	HFBL
FFNW	-0.03	-0.06		0.29	0.02	0.08	-0.05	-0.37	-0.18	0.01	FFNW
FNWB	0.12	0.02	0.29		-0.59	0.46	0.23	-0.12	0.53	-0.11	FNWB
FCAP	0.0	0.12	0.02	-0.59		-0.55	-0.36	0.24	-0.61	0.0	FCAP
OFED	-0.34	-0.16	0.08	0.46	-0.55		0.72	-0.25	0.28	0.36	OFED
CIZN	-0.62	-0.07	-0.05	0.23	-0.36	0.72		-0.33	0.09	0.39	CIZN
HVBC	0.4	0.03	-0.37	-0.12	0.24	-0.25	-0.33		0.25	-0.54	HVBC
CWBC	0.23	-0.04	-0.18	0.53	-0.61	0.28	0.09	0.25		-0.23	CWBC
CULL	-0.5	0.11	0.01	-0.11	0.0	0.36	0.39	-0.54	-0.23		CULL
	HMNF	HFBL	FFNW	FNWB	FCAP	OFED	CIZN	HVBC	CWBC	CULL

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CIZN	+ 0.72	OFED
CWBC	+ 0.53	FNWB
OFED	+ 0.46	FNWB
HVBC	+ 0.4	HMNF
CULL	+ 0.39	CIZN
CULL	+ 0.36	OFED

High negative correlations

CIZN	- 0.62	HMNF
CWBC	- 0.61	FCAP
FCAP	- 0.59	FNWB
OFED	- 0.55	FCAP
CULL	- 0.54	HVBC
CULL	- 0.5	HMNF

Risk-Adjusted Indicators

There is a big difference between Colony Stock performing well and Colony Bankcorp Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Colony Bankcorp's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
HMNF	1.88	0.44	0.12	(1.02)	1.85	(2.37)	4.29	(3.19)	13.15
HFBL	1.73	(0.02)	(0.01)	0.09	2.43	(3.09)	3.82	(4.31)	21.70
FFNW	0.63	(0.01)	(0.12)	0.08	0.76	(0.68)	1.65	(1.13)	4.32
FNWB	1.60	0.07	0.02	0.23	1.70	(1.81)	4.11	(2.82)	14.21
FCAP	1.76	0.08	(0.01)	0.49	1.89	(2.34)	6.22	(3.53)	14.42
OFED	2.13	(0.22)	0.00	1.42	0.00	0.00	3.48	(5.28)	12.66
CIZN	0.88	(0.07)	0.00	0.80	0.00	0.00	3.00	(2.14)	6.16
HVBC	1.51	0.38	0.08	(0.95)	2.03	(1.59)	2.68	(4.11)	18.63
CWBC	1.07	0.04	0.06	0.15	1.07	(1.19)	2.64	(2.16)	9.14
CULL	0.51	(0.10)	0.00	0.95	0.00	0.00	1.18	(1.64)	4.73

Colony Bankcorp Corporate Management

Lawrence Whitley	Chief People Officer	Profile
Heath CPA	CEO Director	Profile
Roy Copeland	President	Profile
Edward III	Chief VP	Profile

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